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  • MIL-OSI Asia-Pac: English translation of India’s National Statement at the 21st ASEAN-India Summit delivered by Prime Minister Narendra Modi

    Source: Government of India

    Posted On: 10 OCT 2024 8:36PM by PIB Delhi

    Your Majesty,

    Excellencies,

    Thank you all for your valuable insights and suggestions. We are committed to strengthening the Comprehensive Strategic Partnership between India and ASEAN. I am confident that together we will continue to strive for human welfare, regional peace, stability, and prosperity.

    We will continue to take steps to enhance not only physical connectivity but also economic, digital, cultural, and spiritual ties.

    Friends,

    In the context of this year’s ASEAN Summit theme, “Enhancing Connectivity and Resilience,” I would like to share a few thoughts.

    Today is the tenth day of the tenth month, so I would like to share ten suggestions.

    First, to promote tourism between us, we could declare 2025 as the “ASEAN-India Year of Tourism.” For this initiative, India will commit USD 5 million.

    Second, to commemorate a decade of India’s Act East Policy, we could organise a variety of events between India and ASEAN countries. By connecting our artists, youth, entrepreneurs, and think tanks etc., we can include initiatives such as a Music Festival, Youth Summit, Hackathon, and Start-up Festival as part of this celebration.

    Third, under the “India-ASEAN Science and Technology Fund,” we could hold an annual Women Scientists’ Conclave.

    Fourth, the number of Masters scholarships for students from ASEAN countries at the newly established Nalanda University will be increased twofold. Additionally, a new scholarship scheme for ASEAN students at India’s agricultural universities will also be launched starting this year.

    Fifth, the review of the “ASEAN-India Trade in Goods Agreement” should be completed by 2025. This will strengthen our economic relations and will help in creating a secure, resilient and reliable supply chain.

    Sixth, for disaster resilience, USD 5 million will be allocated from the “ASEAN-India Fund.” India’s National Disaster Management Authority and the ASEAN Humanitarian Assistance Centre can work together in this area.

    Seventh, to ensure Health Resilience, the ASEAN-India Health Ministers Meeting can be institutionalised. Furthermore, we invite two experts from each ASEAN country to attend India’s Annual National Cancer Grid ‘Vishwam Conference.’

    Eighth, for digital and cyber resilience, a cyber policy dialogue between India and ASEAN can be institutionalised.

    Ninth, to promote a Green Future, I propose organising workshops on green hydrogen involving experts from India and ASEAN countries.

    And tenth, for climate resilience, I urge all of you to join our campaign, ” Ek Ped Maa Ke Naam” (Plant for Mother).

    I am confident that my ten ideas will gain your support. And our teams will collaborate to implement them.

    Thank you very much.

    DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Apple Retail Workers in Bethesda, Md., File for Union Election with Communications Workers of America

    Source: Communications Workers of America

    (Bethesda, Md.)—Today, retail workers at the Bethesda Row Apple store in Maryland filed for a union election with the National Labor Relations Board. Over 70% of the group of 59 workers have signed union authorization cards, including workers in a range of retail, repair, and other job roles. The Bethesda Row Apple store workers will be represented by CWA.

    The filing comes nearly three weeks after Apple retail workers in Oklahoma City, represented by the Communications Workers of America (CWA), became the second store in the U.S. to secure a tentative contract agreement with the tech giant.

    “It has been inspiring to see our colleagues in Oklahoma City and Towson organize and win better working conditions and job protections at the bargaining table. Their efforts have made it clear that a union is not only better for workers, but better for the company. My colleagues and I at the Apple Bethesda Row store in Maryland care deeply about our jobs and want to secure the transparency, pay, benefits, and job stability that we deserve.” said Peter Cascio, Operations specialist at Apple. 

    “With a voice on the job, we will now have the collective power to hold Apple accountable to its retail credo and to get the rights we deserve. We’re excited to be standing shoulder-to-shoulder with other workers as part of Apple Retail Union-CWA to ensure that Apple continues to be a positive place to work, providing high-quality service to its consumer base,” said Jimmy Hemmig, Technical expert at Apple. 

    With support for labor unions near record highs, momentum for union organizing has been building among Apple retail workers. Instead of recognizing changing attitudes and embracing the opportunity to give workers a meaningful say in their working conditions, Apple executives have worked with anti-union consultants to deploy aggressive, sometimes illegal, tactics to prevent workers from making a free and fair choice about whether or not to join a union. Workers at the CWA-represented Apple store in Oklahoma City and the IAM-represented store in Towson, Md., have overcome Apple’s attempts to intimidate them and secured legally enforceable contracts that provide the security and stability they need to provide the high levels of service Apple customers expect.

    “My hope with our union is to make it easier for us to do our best work and to further our relationship not just with each other, but with our community. We have one of the most loyal customer bases in any retail industry. We want to make sure Apple allows us to do our best by our customers because it strengthens their trust in Apple as a company. We want to accomplish these things without compromising ourselves and our own values, and to make sure we get compensated fairly while pursuing our passion,” said Jan Molina, Product Specialist at Apple. 

    “We’re honored to welcome the workers at the Bethesda Row Apple store in Maryland as members of CWA. Increasingly more and more workers in the DMV are exercising their right to organize, bringing greater protections to union members in the tech and video game industry. In the past, we’ve seen Apple choose to undermine its employees’ right to organize. We call on Apple to change course, live up to its credo, and respect workers’ right to form a union,” said Johnny Brown, President of CWA Local 2108.

    Apple workers interested in improving their working conditions and having the protections of a union contract should visit this site to learn more about organizing.

    ###

    The Campaign to Organize Digital Employees (CODE-CWA) is a network of worker-organizers and their staff working every single day to build the voice and power necessary to ensure the future of the tech, game, and digital industries in the United States and Canada. CODE-CWA is a project of the Communications Workers of America, which represents hundreds of thousands of workers throughout tech, media, telecom, and other industries who stand together to fight for justice on the job and in our communities.

    cwa-union.org @cwaunion

    MIL OSI USA News –

  • MIL-OSI New Zealand: Government releases plan for affordable electricity

    Source: New Zealand Government

    The Government Policy Statement (GPS) on electricity clearly sets out the Government’s role in delivering affordable and secure electricity at internationally competitive prices, Energy Minister Simeon Brown says.

    “New Zealand’s economic growth and prosperity relies on Kiwi households and businesses having access to affordable and secure electricity at internationally competitive prices. This is one of the Government’s top priorities,” Mr Brown says.

    “The GPS outlines our expectation that the Electricity Authority will drive a more competitive, fuel agnostic, electricity sector that works in the long-term interests of consumers and avoid excessive prices. 

    “We know that in the coming years New Zealand will see greater electrification of transport and process heat. This will shift demand from imported fuels towards domestically produced electricity, and see more distributed electricity generation brought online to bolster regional resilience.

    “The Government has a goal of doubling renewable electricity generation to meet this increase in demand, and has committed to policy decisions that would enable more private investment in generation.

    The GPS provides certainty about the Government’s role in the sector. This certainty will help create a stable investment environment for renewable energy to drive affordability through security of supply.

    “Previous government interventions pushed prices up and had a chilling effect on investment. The GPS confirms the role for Government is to ensure the market settings are right, to enable the private sector to invest and consumers to take advantage of innovations,” Mr Brown says.

    The Electricity Authority will now have regard to the GPS as they work to ensure the market setting are right to unleash private sector investment and to enable consumers to take advantage of innovations in energy supply.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Man to face court over bus assault

    Source: New Zealand Police (National News)

    Police have charged a man over an unprovoked assault on an Auckland bus driver.

    Auckland City West Police have been investigating an assault that occurred in the Kingsland area last Friday, 4 October.

    Area Commander Inspector Alisse Robertson says the bus had stopped on New North Road at the time.

    “The offender allegedly struck the driver, before running away from the bus,” she says.

    “Our staff attended at the time and began to make enquiries into the matter.”

    Overnight, Police located a 25-year-old Henderson man and arrested him.

    He has been charged with assault and will appear in the Auckland District Court today.

    Inspector Robertson says: “I know when these events occur it impacts the staff and commuters who use these services.

    “More than 13,500 bus services alone operate across our city every day, most without incident.

    “There is no place for violence, and when these incidents occur we will continue to identify and prosecute offenders.”

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

  • MIL-OSI: ThreeD Capital Inc. Issues Early Warning Report in Connection with Acquisition of Securities of Avicanna Inc.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions settling between October 1, 2024 and October 7, 2024 (the “Acquisitions”), ThreeD acquired ownership and control of an aggregate of 1,483,000 common shares of the Company (the “Subject Shares”). The Subject Shares represented approximately 1.4% of all issued and outstanding common shares of the Company. As a result of the Acquisitions, the percentage ownership held by ThreeD and Sheldon Inwentash (the “Joint Actor”) increased above 2%, on a partially diluted basis, from the last early warning report filed.

    Immediately prior to the Acquisitions, ThreeD and the Joint Actor owned and controlled an aggregate of 14,776,257 common shares, 2,241,250 common share purchase warrants of the Company, and 50,000 stock options, representing approximately 13.8% of all issued and outstanding common shares of AVCN (or approximately 15.6% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 8,707,300 common shares and 1,623,750 common share purchase warrants of the Company, representing approximately 8.1% of the issued and outstanding common shares of AVCN (or approximately 9.5% on a partially diluted basis, assuming exercise of the warrants held). The Joint Actor held an aggregate of 6,068,957 common shares, 617,500 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 5.7% of the issued and outstanding shares of AVCN (or approximately 6.3% on a partially diluted basis, assuming exercise of the warrants and options held).

    Immediately following the Acquisitions, ThreeD and the Joint Actor own and control an aggregate of 16,259,257 common shares, 2,241,250 common share purchase warrants, and 50,000 stock options of the Company, representing approximately 15.2% of all issued and outstanding common shares of AVCN (or approximately 17.0% on a partially diluted basis, assuming exercise of the warrants and options held). Of this total, ThreeD held an aggregate of 10,190,300 common shares and 1,623,750 common share purchase warrants of the Company, representing approximately 9.5% of the issued and outstanding common shares of AVCN (or approximately 10.9% on a partially diluted basis assuming the exercise of the warrants held). The Joint Actor held an aggregate of 6,068,957 common shares, 617,500 common share purchase warrants, and 50,000 stock options of the Company, representing 5.7% of the issued and outstanding common shares of AVCN (or approximately 6.3% on a partially diluted basis, assuming exercise of the warrants and options held).

    The holdings of securities of the Company by ThreeD and the Joint Actor are managed for investment purposes. ThreeD and the Joint Actor could increase or decrease its investments in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.

    The Subject Shares were acquired through the facilities of the Toronto Stock Exchange for total consideration of $571,407, or approximately $0.385 per Subject Share.

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.  ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information:
     
    Matthew Davis, CPA
    Chief Financial Officer and Corporate Secretary
    davis@threedcap.com
    Phone: 416-941-8900
     

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    The MIL Network –

  • MIL-OSI: Targa Resources Corp. Announces Quarterly Dividend and Timing of Third Quarter 2024 Earnings Webcast

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced its quarterly dividend on common shares with respect to the third quarter of 2024.

    Targa announced today that its board of directors has declared a quarterly cash dividend of $0.75 per common share, or $3.00 per common share on an annualized basis, for the third quarter of 2024. This cash dividend will be paid November 15, 2024 on all outstanding common shares to holders of record as of the close of business on October 31, 2024.

    The Company will report its third quarter 2024 financial results before the market opens for trading on Tuesday, November 5, 2024 and will host a live webcast over the internet at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss its 2024 third quarter financial results.

    Event Information
    Event: Targa Resources Corp. Third Quarter 2024 Earnings Webcast and Presentation
    Date: Tuesday, November 5, 2024
    Time: 11:00 a.m. Eastern Time
    Webcast: www.targaresources.com under “Events and Presentations” or directly at https://edge.media-server.com/mmc/p/yf8cw4hf

    Replay Information 
    A webcast replay will be available at the link above approximately two hours after the conclusion of the event. A quarterly earnings supplement presentation and updated investor presentation will also be available under Events and Presentations in the Investors section of the Company’s website prior to the start of the conference call, or directly at https://www.targaresources.com/investors/events.

    About Targa Resources Corp.

    Targa Resources Corp. is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and its operations are critical to the efficient, safe and reliable delivery of energy across the United States and increasingly to the world. The Company’s assets connect natural gas and NGLs to domestic and international markets with growing demand for cleaner fuels and feedstocks. The Company is primarily engaged in the business of: gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and gathering, storing, terminaling, and purchasing and selling crude oil.

    Targa is a FORTUNE 500 company and is included in the S&P 500.

    For more information, please visit the Company’s website at http://www.targaresources.com.

    Forward-Looking Statements

    Certain statements in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements, including statements regarding our projected financial performance and capital spending. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside the Company’s control, which could cause results to differ materially from those expected by management of the Company. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for natural gas, natural gas liquids and crude oil, the impact of pandemics or any other public health crises, commodity price volatility due to ongoing or new global conflicts, actions by the Organization of the Petroleum Exporting Countries (“OPEC”) and non-OPEC oil producing countries, the impact of disruptions in the bank and capital markets, including those resulting from lack of access to liquidity for banking and financial services firms, the timing and success of business development efforts and other uncertainties. These and other applicable uncertainties, factors and risks are described more fully in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. The Company does not undertake an obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    Contact the Company’s investor relations department by email at
    InvestorRelations@targaresources.com or by phone at (713) 584-1133.

    Sanjay Lad
    Vice President, Finance & Investor Relations

    William Byers
    Chief Financial Officer

    Jennifer Kneale
    President – Finance and Administration

    The MIL Network –

  • MIL-OSI: Guggenheim Fourth Quarter 2024 High Yield and Bank Loan Outlook: Fed Rate Cuts Are Positive for Leveraged Credit (With a Few Caveats)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Guggenheim Investments, the global asset management and investment advisory business of Guggenheim Partners, today provided its Fourth Quarter 2024 High Yield and Bank Loan Outlook. Titled “Fed Rate Cuts Are Positive for Leveraged Credit (With a Few Caveats),” the report explores the outlook for high yield corporate bonds and leveraged loans as the Federal Reserve (Fed) cuts interest rates.  

    Among the highlights in the report:

    • The effects of the Fed’s inaugural interest-rate cut and anticipated future cuts have begun to materialize, but the benefit to the credit markets will vary meaningfully by sector and issuer.
    • While overall financial conditions have eased in response to rate cuts, the benefits to credit may be muted, particularly in the high yield corporate bond market, which is likely to absorb higher interest rates for several years as existing low-interest-rate debt gets refinanced.
    • In the near term, the refinancing burden for high yield issuers is manageable, with just 4 percent of the total market maturing in 2025, and 9 percent due in 2026.
    • Leveraged loan borrowers are poised to benefit more directly from the Fed’s easing cycle due to their loans’ floating-rate nature and the continued repricing of contractual spreads lower. 
    • High yield corporate bonds and leveraged loans currently offer attractive yields of 7 percent and 9 percent, respectively. We slightly favor loans, given better implied returns available to those with the expertise to differentiate across credits. 
    • As the Fed continues to ease rates, bank loan yields will decline while high yield corporate yields will likely remain largely unchanged, potentially making the value proposition more balanced.
    • For high yield bonds, the distress ratio has been a good indicator of likely defaults within the next nine–12 months. The relationship for loans is weaker.
    • While both high yield bonds and leveraged loans offer value, investors should prioritize quality, focusing on higher rated issuers and maintaining senior positions in the capital structure. In the current environment, rigorous credit selection is crucial for navigating potential risks and capitalizing on opportunities.

    For more information, please visit http://www.guggenheiminvestments.com.

    About Guggenheim Investments

    Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with more than $235 billion1 in total assets across fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our 235+ investment professionals perform rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

    1. Guggenheim Investments Assets Under Management are as of 6.30.2024 and include leverage of $15.1bn. Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Distributors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Corporate Funding, LLC, Guggenheim Partners Europe Limited, Guggenheim Partners Japan Limited, and GS GAMMA Advisors, LLC.

    Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. During periods of declining rates, the interest rates on floating rate securities generally reset downward and their value is unlikely to rise to the same extent as comparable fixed rate securities.  High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Investors in asset-backed securities, including mortgage-backed securities and collateralized loan obligations (“CLOs”), generally receive payments that are part interest and part return of principal. These payments may vary based on the rate loans are repaid. Some asset-backed securities may have structures that make their reaction to interest rates and other factors difficult to predict, making their prices volatile and they are subject to liquidity and valuation risk. CLOs bear similar risks to investing in loans directly, such as credit, interest rate, counterparty, prepayment, liquidity, and valuation risks. Loans are often below investment grade, may be unrated, and typically offer a fixed or floating interest rate.

    This material is distributed or presented for informational or educational purposes only and should not be considered a recommendation of any particular security, strategy, or investment product, or as investing advice of any kind. This material is not provided in a fiduciary capacity, may not be relied upon for or in connection with the making of investment decisions, and does not constitute a solicitation of an offer to buy or sell securities. The content contained herein is not intended to be and should not be construed as legal or tax advice and/or a legal opinion. Always consult a financial, tax and/or legal professional regarding your specific situation.

    This material contains opinions of the author, but not necessarily those of Guggenheim Partners, LLC, or its subsidiaries. The opinions contained herein are subject to change without notice. Forward-looking statements, estimates, and certain information contained herein are based upon proprietary and non-proprietary research and other sources. Information contained herein has been obtained from sources believed to be reliable but are not assured as to accuracy. Past performance is not indicative of future results. There is neither representation nor warranty as to the current accuracy of, nor liability for, decisions based on such information. No part of this material may be reproduced or referred to in any form, without express written permission of Guggenheim Partners, LLC.

    Media Contact
    Gerard Carney
    Guggenheim Partners
    310.871.9208
    Gerard.Carney@guggenheimpartners.com

    The MIL Network –

  • MIL-OSI: Arbor Realty SR, Inc. Closes Offering of $100 Million of Senior Notes due 2027

    Source: GlobeNewswire (MIL-OSI)

    UNIONDALE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (the “Parent” or “Arbor”) (NYSE:ABR) announced today that its subsidiary, Arbor Realty SR, Inc. (the “Company”), has closed the private placement of $100 million aggregate principal amount of 9.00% senior notes due October 15, 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by the Parent.

    The Company expects that the net proceeds of this offering will be used to pay down debt and for general corporate purposes.

    Piper Sandler & Co. acted as sole placement agent for this offering.

    The Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and are being offered and sold in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act. The Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

    This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

    About Arbor Realty Trust, Inc.

    Arbor Realty Trust, Inc. (NYSE: ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, single-family rental (SFR) portfolios, and other diverse commercial real estate assets. Headquartered in New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in government-sponsored enterprise products. Arbor is a leading Fannie Mae DUS® lender and Freddie Mac Optigo® Seller/Servicer, and an approved FHA Multifamily Accelerated Processing (MAP) lender. Arbor’s product platform also includes bridge, CMBS, mezzanine, and preferred equity loans. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and customized solutions with an unparalleled dedication to providing our clients excellence over the entire life of a loan.

    Safe Harbor Statement

    Certain items in this press release may constitute forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Arbor can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Arbor’s expectations include, but are not limited to, changes in economic conditions generally, and the real estate markets specifically, continued ability to source new investments, changes in interest rates and/or credit spreads, and other risks detailed in Arbor’s Annual Report on Form 10-K for the year ended December 31, 2023 and its other reports filed with the SEC. Such forward-looking statements speak only as of the date of this press release. Arbor expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Arbor’s expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based.

    Contact:
    Arbor Realty Trust, Inc.
    Paul Elenio, Chief Financial Officer
    516-506-4422
    pelenio@arbor.com

    The MIL Network –

  • MIL-OSI: Asphalt Ridge Option Period to Acquire Remaining 17.75% Working Interest Extended to December 10, 2024

    Source: GlobeNewswire (MIL-OSI)

    Bakersfield, CA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Trio Petroleum Corp (NYSE American: “TPET”, “Trio” or the “Company”), a California-based oil and gas company, today provided updates on its Asphalt Ridge Project in Uintah County, Utah.

    TPET announced on January 5, 2024, that it had secured an option (the “Option”) to acquire a 20% interest in a sweet (i.e., low sulfur content), heavy-oil and tar-sand development project at Asphalt Ridge, located near the town of Vernal in Uintah County, northeastern Utah. We announced on June 11, 2024, the successful drilling and completion of the first two exploratory wells at the project, the HSO 2-4 and HSO 8-4, that the wells encountered substantial oil-bearing pay zones in the Rimrock and Asphalt Ridge tar-sands (over 190’of oil-pay in HSO 2-4 and over 100’ of oil-pay in HSO 8-4), and that a downhole-heater was installed in the HSO 2-4 well. On September 12, 2024, Trio announced oil production from its first well HSO 2-4.

    Initial test results at the HSO 2-4 well have since been encouraging, with mobile oil and fluids already showing a significant oil cut while dewatering occurs. The fluids are a result of an initial temperature test where water was pumped downhole which will not be done in the future.

    TPET currently owns a 2.25% working interest in 960 acres at Asphalt Ridge, and under the Option may acquire up to an additional 17.75% working interest in the same 960 acres and also a 20% interest in an adjacent 1,920 acres, and also has a right of first refusal to participate in an additional approximate 30,000 acres of the greater Asphalt Ridge Project on terms offered to other third parties. TPET has secured a two-month Option extension and now has until December 10, 2024, to exercise its right to acquire the remaining 17.75% interest in the initial 960 acres. TPET has until the earlier of the successful drilling and completion of 50 new wells, or November 10, 2025, to exercise its option on the adjacent 1,920 acres.

    The Asphalt Ridge Project is known to be one of the largest tar-sand deposits in North America outside of Canada, making it a potential giant oilfield, and is unique given its low wax and negligible sulfur content, which is expected to make the oil very desirable for many industries, including shipping. The project has the potential to be both immense and highly profitable. A typical project well has an estimated ultimate recovery (“EUR”) of 300,000 barrels of oil with an initial production rate of approximately 40 barrels of oil per day.

    About Trio Petroleum Corp

    Trio Petroleum Corp is an oil and gas exploration and development company headquartered in Bakersfield, California, with operations in Monterey County, California, and Uintah County, Utah. In Monterey County, Trio owns a 85.75% working interest in 9,245 acres at the Presidents and Humpback oilfields in the South Salinas Project, and a 21.92% working interest in 800 acres in the McCool Ranch Field. In Uintah County, Trio owns a 2.25% working interest in 960 acres and options to acquire up to an additional 17.75% working interest in the 960 acres, and also a 20% working interest in an adjacent 1,920 acres, and a right of first refusal to participate in up to a 20% working interest in an additional approximate 30,000 acres of the Asphalt Ridge Project with other third parties.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this press release of Trio Petroleum Corp (“Trio”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, when used in the preceding discussion, the words “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of the Trio’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Trio’s S-1 filed with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, http://www.sec.gov. Trio undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Relations Contact:
    Redwood Empire Financial Communications
    Michael Bayes
    (404) 809 4172
    michael@redwoodefc.com

    The MIL Network –

  • MIL-OSI: LLR Partners Completes Strategic Growth Investment in TurboTenant

    Source: GlobeNewswire (MIL-OSI)

    FORT COLLINS, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) — LLR Partners today announced a strategic growth investment in TurboTenant, a leading property management solution for landlords. The capital will be used to help support the growth of the business organically and through acquisitions as it continues to redefine the landlord experience by simplifying the entire lifecycle of property management under one solution.

    More than 700,000 independent landlords across the U.S. use TurboTenant’s all-in-one online property management platform for critical processes including finding and screening tenants, rent payments, and lease agreements. The company’s freemium model allows TurboTenant to onboard hundreds of landlords per day and scale up with them through additional subscription services.

    “TurboTenant is a well-known brand with highly satisfied customers in a fast-growing, yet still largely underserved, software market,” said Cheng Li, Principal at LLR Partners. “Independent landlords are one of the last real estate markets with significant opportunity for technology adoption and optimization. We believe TurboTenant’s brand strength, leadership team, and business model have positioned the company well to continue its path to market leadership.”

    Several dynamics are affecting the real estate sector, including high interest rates, low housing affordability, low inventory, and stabilizing rent prices. These are driving many Americans to continue to rent rather than buy their first home, while others choose to rent out their former homes after moving. TurboTenant sees that many of its users shift from manual methods, like pen and paper, to its software for a more streamlined property management process.

    “It was clear to us that LLR understands the space and has developed a clear thesis that can help TurboTenant capture this market,” said Seamus Nally, CEO of TurboTenant. “We are excited to partner with the LLR team to leverage their industry knowledge and value creation capabilities to expand our platform to help meet the many needs of the 14.1 million individual landlords¹ in the U.S. as they accomplish their goals through thriving real estate businesses.”

    TurboTenant’s previous investors remain minority shareholders in the business. This is LLR’s fourth investment in real estate technology, having invested in Appspace, Mortgage Coach, and Stealth Monitoring.

    About TurboTenant
    More than 700,000 independent landlords across the U.S. enjoy TurboTenant’s all-in-one online property management solutions, including rental applications, tenant screening, rent payments, and lease agreements. Please contact press@turbotenant.com or visit turbotenant.com for more information.

    About LLR Partners
    LLR Partners is a private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $7 billion raised across seven funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at https://www.llrpartners.com/.

    Footnotes:

    1. Census Bureau, “Rental Housing Finance Survey,” 2018; Pew Research Center analysis

    Contacts:

    Emily Oakes

    LLR Partners 484-467-8517

    eoakes@llrpartners.com

    Harrison Stevens
    TurboTenant
    press@turbotenant.com

    The MIL Network –

  • MIL-OSI: Top Fastener Distributor Chooses AI-Powered HawkSearch

    Source: GlobeNewswire (MIL-OSI)

    WOBURN, Mass., Oct. 10, 2024 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a leader in AI-powered search solutions, announces that a leader in fastener distribution has selected HawkSearch to enhance its search experience across 15 countries and 12 languages.

    The fastener distributor will leverage HawkSearch’s Keyword & Concept Search features to improve product discovery. HawkSearch will enhance the leader’s search accuracy, solve synonyms and abbreviation complexities, and improve the searchability of industry jargon. Additionally, it will optimize part number searches, ensure accurate results for terms with varying spacing, support different format variations, and incorporate advanced machine learning and reporting capabilities.

    This partnership reinforces HawkSearch’s position as a leading solution for the B2B sector, demonstrating its commitment to delivering exceptional search experiences.

    “With the complex demands of the fastener industry, our platform is designed to provide a more intuitive and efficient search experience,” said Ari Kahn, CEO of Bridgeline. “HawkSearch will help them meet customer expectations and set a new standard for product discovery in the fastener sector.”

    About Bridgeline Digital

    Bridgeline helps companies grow revenue by increasing traffic, conversion rates, and average order value through AI-powered solutions. To learn more, visit http://www.bridgeline.com.

    Contact:

    Danielle Colvin

    SVP of Marketing

    Bridgeline Digital

    press@bridgeline.com

    The MIL Network –

  • MIL-OSI: TeraWulf Enters Into Long-Term Ground Lease at Lake Mariner Facility to Attract High-Quality Customers

    Source: GlobeNewswire (MIL-OSI)

    EASTON, Md., Oct. 10, 2024 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), a leading owner and operator of vertically integrated, next-generation digital infrastructure powered by predominantly zero-carbon energy, today announced a new, long-term ground lease agreement at Lake Mariner (“New Ground Lease”) that supports the Company’s expansion into high-performance computing (HPC) and AI data centers and positions TeraWulf to attract long-term, high-quality customers.

    The New Ground Lease with Somerset Operating Company, LLC (“Somerset”) replaces the original Lake Mariner lease, which was entered into in May 2021 and had ten years remaining. The New Ground Lease has a term of 35 years, with an option to extend for an additional 45 years, and increases the Lake Mariner land area by nearly 50%, expanding from 107 acres to 157 acres. Importantly, the New Ground Lease includes no escalation in annual lease payments on a per acre basis when compared to the original Lake Mariner lease and also grants TeraWulf exclusive access to infrastructure capacity of up to 750 MW, facilitating the Company’s future growth plans and value creation initiatives.

    The New Ground Lease was negotiated and approved by the Audit Committee of the Company’s Board of Directors (the “Committee”), which is comprised of three independent directors. The Committee consulted independent legal counsel and the Company’s financial advisor, as Somerset is owned by the Company’s Chief Executive Officer. The Committee received an opinion from the Company’s financial advisor that the consideration to be received by the Company is fair, from a financial point of view, to the Company.

    The consideration paid to Somerset’s parent company in exchange for Somerset’s termination of the original lease and entering into the New Ground Lease is comprised of 20 million shares of TeraWulf’s common stock and $12 million in cash. Under the terms of the New Lease, Somerset’s parent company will be prohibited from selling 15 million shares for 18 months and the remaining 5 million shares for 12 months. The primarily equity-based structure of the consideration further aligns the interests of TeraWulf’s Chief Executive Officer with the long-term financial and operational goals of the Company and its shareholders.

    About TeraWulf

    TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for Bitcoin mining and high-performance computing. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through Bitcoin mining, leveraging predominantly zero-carbon energy sources, including nuclear and hydroelectric power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) conditions in the cryptocurrency mining industry, including fluctuation in the market pricing of bitcoin and other cryptocurrencies, and the economics of cryptocurrency mining, including as to variables or factors affecting the cost, efficiency and profitability of cryptocurrency mining; (2) competition among the various providers of cryptocurrency mining services; (3) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates, including regulation regarding power generation, cryptocurrency usage and/or cryptocurrency mining, and/or regulation regarding safety, health, environmental and other matters, which could require significant expenditures; (4) the ability to implement certain business objectives and to timely and cost-effectively execute integrated projects; (5) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to growth strategies or operations; (6) loss of public confidence in bitcoin or other cryptocurrencies and the potential for cryptocurrency market manipulation; (7) adverse geopolitical or economic conditions, including a high inflationary environment; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability, delivery schedule and cost of equipment necessary to maintain and grow the business and operations of TeraWulf, including mining equipment and infrastructure equipment meeting the technical or other specifications required to achieve its growth strategy; (10) employment workforce factors, including the loss of key employees; (11) litigation relating to TeraWulf and/or its business; and (12) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at http://www.sec.gov.

    Company Contact:
    Jason Assad
    Director of Corporate Communications
    assad@terawulf.com
    (678) 570-6791

    The MIL Network –

  • MIL-OSI: Maris-Tech is Expanding its Operations in the U.S.

    Source: GlobeNewswire (MIL-OSI)

    Leading Video and AI-based Edge Computing Company Establishes U.S. Subsidiary to Accelerate Growth in the U.S. Defense and Homeland Security Sectors

    Rehovot, Israel, Oct. 10, 2024 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (AI)-based edge computing technology, today announced a major expansion into the U.S. market with the establishment of its new subsidiary, Maris North America Inc. (“Maris North America”).

    The move marks a significant milestone in Maris-Tech’s ongoing global growth and reaffirms the Company’s commitment to delivering cutting-edge solutions for the defense and homeland security (HLS) sectors – both undergoing major growth in the U.S. The HLS market is predicted to be worth US$264.98 billion by 2034 at a CAGR of 6.01% from 2024 to 2034, and the defense market is forecasted to grow by US$169.43 billion at a CAGR of 4.91% between 2023 and 2028.

    Maris North America will serve as the strategic hub for Maris-Tech’s operations across the U.S., further enhancing its ability to deliver localized support and forge new business relationships in North America.

    In line with this expansion, we have entered into consulting agreements with two highly experienced business development, marketing and sales professionals, who we believe will be instrumental in driving growth and capturing new opportunities in the U.S. market. These new consultants bring extensive expertise in the defense and HLS industries, and their contributions will be essential as Maris-Tech continues to build its U.S. customer base.

    “Our decision to establish Maris North America is a significant step in our global expansion strategy,” said Israel Bar, CEO of Maris-Tech. “With the engagement of two industry-leading consultants, we are confident that we can establish a strong foothold in the U.S. defense and homeland security markets. We expect our U.S. presence to boost our sales efforts and enable us to deliver more tailored, localized support to our growing customer base across North America.”

    With its innovative AI-driven video solutions, Maris-Tech continues to deliver high-performance edge computing technology that enhances situational awareness and operational efficiency for customers worldwide.

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israel technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS) and communication industries worldwide. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we are discussing Maris-Tech’s ongoing global growth and specifically growth and new future opportunities in the U.S. market, growth estimations of the HLS and the defense market, that Maris North America will increase sales efforts and further enhance the Company’s ability to deliver localized support and forge new business relationships in North America, that the two new consultants will be instrumental in driving growth and capturing new opportunities in the U.S. market, and that the U.S. presence will be critical as Maris-Tech continues to build its U.S. customer base. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, Chief Financial Officer
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

  • MIL-OSI: NXP Semiconductors Announces Conference Call to Review Third Quarter 2024 Financial Results 

    Source: GlobeNewswire (MIL-OSI)

    EINDHOVEN, The Netherlands, Oct. 10, 2024 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) today announced it will release financial results for the third quarter 2024 after the close of normal trading on the NASDAQ Global Select Market on Monday, November 4, 2024. The company will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:00 a.m. U.S. Eastern Standard Time (EST).

    Earnings Conference Call Details 
    Interested parties may pre-register for the webcast or obtain a user-specific access code to join the live conference call.

    A replay of the call will be available via webcast for on-demand listening shortly after the completion of the call.

    About NXP Semiconductors 

    NXP Semiconductors N.V. (NASDAQ: NXPI) is the trusted partner for innovative solutions in the automotive, industrial & IoT, mobile, and communications infrastructure markets. NXP’s “Brighter Together” approach combines leading-edge technology with pioneering people to develop system solutions that make the connected world better, safer, and more secure. The company has operations in more than 30 countries and posted revenue of $13.28 billion in 2023. Find out more at http://www.nxp.com.

    For further information, please contact: 

    NXP-CORP 

    The MIL Network –

  • MIL-OSI: Allegro MicroSystems to Announce Second Quarter Fiscal 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MANCHESTER, N.H., Oct. 10, 2024 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it plans to release financial results for its second quarter fiscal 2025 prior to the market open on Thursday, October 31, 2024. Following the press release, Vineet Nargolwala, President and Chief Executive Officer, and Derek D’Antilio, Senior Vice President and Chief Financial Officer, will host a conference call at 8:30 a.m. Eastern Time to discuss the Company’s results and business outlook.

    Analysts and investors are invited to join the conference call using the following information:

    Second Quarter Fiscal Year 2025 Earnings Conference Call
    Date: Thursday, October 31, 2024
    Time: 8:30 a.m. EDT
    Live Webcast Link: Click Here
    Dial-in Participant Registration Link: Click Here

    Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call. A live and archived audio webcast of the conference call will also be accessible for at least 90 days on the Company’s website at investors.allegromicro.com in the Events & Presentations section.

    About Allegro MicroSystems

    Allegro MicroSystems is a leading global designer, developer, fabless manufacturer and marketer of sensor integrated circuits (“ICs”) and application-specific analog power ICs enabling emerging technologies in the automotive and industrial markets. Allegro’s diverse product portfolio provides efficient and reliable solutions for the electrification of vehicles, automotive ADAS safety features, automation for Industry 4.0 and power saving technologies for data centers and clean energy applications.

    Contact: Jalene Hoover
    VP of IR & Corporate Communications
    Phone: +1 512 751 6526
    jhoover@allegromicro.com

    The MIL Network –

  • MIL-OSI: New VelocityDRIVE™ Software Platform and Automotive-Qualified Multi-Gigabit Ethernet Switches for Software-Defined Vehicles

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., Oct. 10, 2024 (GLOBE NEWSWIRE) — Driven by the need for higher bandwidth, advanced features, enhanced security and standardization, automotive OEMs are transitioning to Ethernet solutions. Automotive Ethernet provides the necessary infrastructure to support Software-Defined Networking by centralizing control, enabling flexible configurations and real-time data transfer. To provide OEMs with comprehensive Ethernet solutions, Microchip Technology (Nasdaq: MCHP) today announces its new family of LAN969x Multi-Gigabit Ethernet Switches and VelocityDRIVE™ Software Platform (SP), which is a turnkey Ethernet switch software solution and Configuration Tool (CT) based on standardized YANG models.

    The combination of LAN969x devices and VelocityDRIVE SP, the industry’s first integration of CORECONF YANG, offers an innovative industry-standard network configuration solution. The CORECONF YANG standard aims to empower designers by separating software development from the hardware network layer. This reduces complexity and costs and accelerates the time to market.

    The high-performance LAN969x Ethernet switches are powered by a 1 GHz single-core Arm® Cortex®-A53 CPU and feature multi-gigabit capabilities with scalable bandwidths from 46 Gbps to 102 Gbps. Advanced Time-Sensitive Networking (TSN) is designed to meet precise timing and reliability requirements of applications like Advanced Driver Assistance Systems (ADAS).

    “The introduction of the VelocityDRIVE Software Platform provides our automotive customers with a turnkey software switch solution and configuration tool to easily manage in-vehicle Ethernet networking,” said Charlie Forni, vice president of Microchip’s USB and networking group. “The use of the standards-based YANG configuration protocol enables software to be developed independently and reused across multi-vendor Ethernet switches.”

    The LAN969x switch family is designed to support ASIL B Functional Safety and AEC-Q100 Automotive Qualification standards, offering high reliability and safety for automotive applications. The devices are optimized for systems with a small embedded-memory footprint and feature secure and fast boot capabilities using integrated ECC SRAM for code execution, which eliminates the need for expensive external DDR memory.

    As in-vehicle networking continues to increase, software solutions like VelocityDRIVE SP are necessary for customers to configure and manage their networking systems. The LAN969x switch family joins Microchip’s portfolio of automotive Ethernet solutions, which includes 10 Mbps to 1000 Mbps PHY transceivers, controllers, switches and endpoints. For more information about Microchip’s automotive Ethernet solutions, visit the web page.

    Development Tools

    The LAN969x devices are supported by the LAN9692 VelocityDRIVE Evaluation Board and VelocityDRIVE Configuration Tool (CT).

    Pricing and Availability

    The LAN9691, LAN9692 and LAN9693 are available in production quantities. The VelocityDRIVE Software Platform is available to download. For additional information and to purchase, contact a Microchip sales representative, authorized worldwide distributor or visit Microchip’s Purchasing and Client Services website, http://www.microchipdirect.com.

    Resources

    High-res images available through Flickr or editorial contact (feel free to publish):
    • Application image: http://www.flickr.com/photos/microchiptechnology/54036155085/sizes/l

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 123,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at http://www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. VelocityDRIVE is a trademark of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

  • MIL-OSI: Monarch Private Capital Finances Historic Rehabilitation of New York and New Jersey Telephone Exchange Building

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, Oct. 10, 2024 (GLOBE NEWSWIRE) — Monarch Private Capital (Monarch), a nationally recognized impact investment firm that develops, finances, and manages a diversified portfolio of projects generating both federal and state tax credits, is pleased to announce the tax equity closing for the historic rehabilitation tax credit (HTC) equity for the $59 million redevelopment of the New York and New Jersey Telephone Exchange Building. Located at 601-619 Throop Avenue, at the corner of MacDonough Street, in the Stuyvesant Heights neighborhood of Brooklyn, this historic landmark will be transformed into 40 luxury apartments with 1,250 sf of commercial space on the ground and basement levels.

    The project, led by Rivington Company LLC, will restore the Italian Renaissance Revival building, originally designed by Alexander MacKenzie of Eidlitz & MacKenzie in 1905. The redevelopment will preserve the building’s historical significance while offering modern amenities.

    This initiative not only revitalizes a historic landmark but also contributes to the ongoing revival of the Stuyvesant Heights neighborhood. The building’s past includes its role as a telecom hub, facilitating communication for Brooklynites at the turn of the 20th century. Its transformation into luxury apartments marks a new chapter, offering much-needed housing options while preserving its architectural heritage.

    “We are proud to partner with Rivington Company in this impactful project,” said Rick Chukas, Partner, Managing Director of Historic Tax Credits for Monarch Private Capital. “This project, our first rehab in Brooklyn, is a great example of how history can be preserved while meeting modern living needs.”

    “Rivington Company is proud to announce a successful partnership with Monarch to preserve and convert the historic landmark building located in the heart of Stuyvesant Heights into much-needed housing. This collaborative effort not only honors the rich architectural heritage of the neighborhood but also addresses the pressing demand for multifamily housing in this vibrant neighborhood,” said Travis Stabler, Managing Partner at Rivington Company. “Together, we are not only breathing new life into a historic building but also creating homes that will support the diverse needs of our community.”

    For more information on Monarch Private Capital and its impact investment funds, please email Rick Chukas at rchukas@monarchprivate.com.

    About Monarch Private Capital
    Monarch Private Capital manages impact investment funds that positively impact communities by creating clean power, jobs, and homes. The funds provide predictable returns through the generation of federal and state tax credits. The company offers innovative tax credit equity investments for affordable housing, historic rehabilitations, renewable energy, film, and other qualified projects. Monarch Private Capital has long-term relationships with institutional and individual investors, developers, and lenders participating in these federal and state programs. Headquartered in Atlanta, Monarch has offices and professionals located throughout the United States.

    CONTACT

    Jane Rafeedie

    Monarch Private Capital

    jrafeedie@monarchprivate.com

    470-283-8431

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/45f2de0b-4357-4c11-87c6-b1268185f78a

    The MIL Network –

  • MIL-OSI: LM Funding America Inc. Expects Operations to be Unaffected by Hurricane Milton; Headquarters Operating Remotely to Support Community Association Lending Businesses

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, Oct. 10, 2024 (GLOBE NEWSWIRE) — LM Funding America Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a cryptocurrency mining and a technology-based specialty finance company, today announced that it expects its Bitcoin mining operations to remain unaffected by Hurricane Milton, thanks to the geographic distribution of its miners. The Company fully anticipates its Bitcoin mining operations will continue without any interruptions or damage.

    Bruce Rodgers, Chairman and CEO of LM Funding, commented, “We’re Tampa based but our miners are not, so we do not expect Hurricane Milton to impact our Bitcoin mining operations.”

    The Company’s Tampa corporate headquarters has transitioned to remote operations to ensure the safety of its employees while maintaining its commitment to serving LM Funding’s community association customers. “We will remain fully operational and continue to accept loan applications from community associations through this challenging time,” Rodgers added.

    LM Funding also expressed its solidarity with local communities likely to be affected by the hurricane, particularly those living in condominiums already feeling the strain of rising insurance costs and the need to fund reserves. The Company’s subsidiaries, LM Funding and Sunshine Lending, are prepared to offer tailored financial products to qualified condominium and homeowner associations that will need to recover following the aftermath of the storm.

    “Our thoughts and prayers are with everyone in the path of Hurricane Milton,” Rodgers said. “We are here to help, and our lending teams are ready to support our customers with the resources they need to rebuild. We are hoping for the best, are prepared for the worst, and focused on what’s next.”

    About LM Funding America, Inc.

    LM Funding America Inc. (Nasdaq: LMFA) is a cryptocurrency mining business that commenced Bitcoin mining operations in September 2022. The Company also operates a technology-based specialty finance company that provides funding to nonprofit community associations (Associations) primarily located in the state of Florida as well as in Washington, Colorado, and Illinois by funding a certain portion of the Associations’ rights to delinquent accounts arising from unpaid Association assessments.

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project,” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at http://www.sec.gov. These risks and uncertainties include, without limitation, the uncertainty created by entering into and operating in the cryptocurrency mining business, volatility in the cryptocurrency markets, the potential need for additional capital, changes in governmental regulations, and other risks. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

    Contact:

    Crescendo Communications LLC
    Tel: (212) 671-1021
    Email: LMFA@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: Dayforce Community Unites to Make Work Life Better at Dayforce Discover 2024

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Minn. and TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, will host customers, partners, and industry visionaries for the new Dayforce Discover annual customer conference, to be held on November 11-14 at the Wynn Las Vegas. Registration is open for the in-person experience as well as the live stream of the conference’s mainstage keynotes.

    Centered around the company’s brand promise to make work life better, Dayforce Discover will bring together thousands of attendees around the world to ignite the power of the entire Dayforce community. In-person customers will be able to access more than 110 opportunities and experiences to learn, connect, and discover transformational value through the Dayforce platform.

    “Dayforce Discover is the definitive event for HR leaders passionate about advancing workforce experiences and creating quantitative value within their organizations,” said Eric Glass, Chief Marketing and Communications Officer, Dayforce, Inc. “The immersive on-site experience will delight attendees, spark inspiration, and foster moments of true community building. HR leaders will leave Dayforce Discover revitalized with tangible learnings – from peers and professionals alike – designed to maximize value with Dayforce.”

    Discover inspiration and innovation with mainstage keynotes

    In the Welcome Keynote, which will include David Ossip, Chair and CEO of Dayforce, in-person attendees will be able to hear from acclaimed research professor and author, Dr. Brené Brown, who presents on courageous leadership and what’s possible when we dare to discover, lead, and unlock our full potential.

    Next up, Joe Korngiebel, Chief Strategy, Product, and Technology Officer of Dayforce, will showcase the latest advancements in AI, Experiences, and Compliance support during the not-to-be-missed Innovation Keynote.

    The final Customer Keynote will conclude with powerful stories from Dayforce customers, including Builders FirstSource, Burton, the Minnesota Timberwolves & Lynx, Sevita, and Uniting NSW.ACT, sharing how they make work life better for their people.

    Discover opportunities for hands-on learning, support, and connection

    From viewing demos of the latest product releases to attending workshops full of hands-on guidance, HR leaders can experience the community and learn new ways to optimize Dayforce platform. Opportunities include:

    • Dayforce FIT (Fast-paced Interactive Training) is back again featuring a group of dedicated subject matter Dayforce experts.
    • Hands-on Labs, a series of classroom-style interactive sessions to gain practical, in-depth experience.
    • Ability to receive SHRM, Payroll.org, and HRPA certification credits by attending select sessions.
    • Valuable breakout sessions featuring industry leaders and Dayforce customers, who will dig deep into today’s complex HR challenges based on their own experiences.
    • The Dayforce Disco, a closing party like no other, which unites the Dayforce community in celebration and can’t be missed.

    Discover how to create more value with the robust Dayforce Partner Ecosystem 

    Partners are invaluable to Dayforce. This year’s event has more than 60 partners from around the world, uniting to empower our customers, help them drive unparalleled success in their HCM transformations, and maximize the potential of the Dayforce platform.

    To learn more:

    • Register for the in-person or virtual experience of Dayforce Discover, taking place November 11 to 14, 2024 at the Wynn Las Vegas: http://www.dayforcediscover.com
    • Explore the full Dayforce Discover session catalog
    • Read about the sponsors of Dayforce Discover
    • Read a blog post by Eric Glass, Chief Marketing and Communications Officer, on what to expect at Dayforce Discover

    About Dayforce
    Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, payroll, talent, workforce management, and benefits equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.  

    Media Contact
    Hyeri Kim
    Hyeri.Kim@dayforce.com
    347-572-9564

    The MIL Network –

  • MIL-OSI: AppFolio, Inc. Announces Date of Third Quarter 2024 Financial Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SANTA BARBARA, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) — AppFolio, Inc. (NASDAQ: APPF) today announced that it will report its third quarter 2024 financial results after the close of the U.S. financial markets on Thursday, October 24, 2024.

    In conjunction with this announcement, AppFolio will host a conference call on Thursday, October 24, 2024, at 5:00 p.m. (Eastern Time), to discuss the company’s financial results and business outlook. A live webcast of the call will be available at https://edge.media-server.com/mmc/p/56effhwx. To access the call by phone, please go to the following link: https://register.vevent.com/register/BI0592d6d11ce14a179afe199e2d07039c, and you will be provided with dial in details. A replay of the webcast will also be available for a limited time on AppFolio’s Investor Relations website at https://ir.appfolioinc.com/news-events/events.

    Disclosure Information
    AppFolio uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor AppFolio’s Investor Relations website in addition to following AppFolio’s SEC filings, public conference calls, press releases, and webcasts.

    About AppFolio
    AppFolio is a technology leader powering the future of the real estate industry. Our innovative platform and trusted partnership enable our customers to connect communities, increase operational efficiency, and grow their business. For more information about AppFolio, visit appfolio.com.

    Investor Contact:
    Lori Barker
    ir@appfolio.com

    The MIL Network –

  • MIL-OSI: HCM II Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing October 10, 2024

    Source: GlobeNewswire (MIL-OSI)

    Stamford, CT, Oct. 10, 2024 (GLOBE NEWSWIRE) — HCM II Acquisition Corp. (NASDAQ: HONDU) (the “Company”) announced today that, commencing October 10, 2024, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq under the symbols “HOND” and “HONDW,” respectively. Those units not separated will continue to trade on the Nasdaq under the symbol “HONDU.”

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About HCM II Acquisition Corp.

    HCM II Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination target in any business or industry or at any stage of its corporate evolution. Its primary focus, however, will be in completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team.

    The Company’s management team is led by Shawn Matthews, its Chairman of the Board and Chief Executive Officer, and Steven Bischoff, its President and Chief Financial Officer. The Company’s Board of Directors includes Andrew Brenner, Michael J. Connor and Jacob Loveless.

    Forward-Looking Statements

    This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Media Contact:

    Steven Bischoff
    sbischoff@hondiuscapital.com

    The MIL Network –

  • MIL-OSI: iBio and AstralBio Provide Update on Myostatin Program for Obesity

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO), an AI-driven innovator of precision antibody immunotherapies, today provided an update on the myostatin program for cardiometabolic disease and obesity in collaboration with AstralBio. iBio’s technology stack enabled the Company to rapidly advance the joint myostatin program from inception to in vitro proof-of-concept in human muscle cells. Following early discovery, the companies have identified a molecule with therapeutic potential for treating muscle wasting and obesity, which is designed for subcutaneous administration and has potential for an extended half-life. The companies are currently working on plans to advance this molecule into non-cGMP in vivo studies in rodents and non-human primates (NHP) with potential early readouts of the NHP in early 2025.

    “Myostatin inhibitors hold great promise for treating obesity and cardiometabolic diseases by increasing muscle mass and boosting metabolism,” said Martin Brenner, Ph.D., DVM, iBio’s CEO and Chief Scientific Officer. “However, a best-in-class approach is essential to ensure the next generation of myostatin therapies can effectively address the needs of a large population of obese patients. This means focusing on two critical aspects: high potency and an extended half-life. While our work is still in the early stages, we are optimistic our novel molecule could overcome some of these challenges by offering an alternative to intravenous administration and a treatment paradigm with less frequent dosing.”

    As part of the collaboration, iBio has the exclusive option to license three cardiometabolic targets from AstralBio and will receive the rights to develop, manufacture and commercialize those targets upon exercise. In the event iBio triggers the option to in-license the myostatin program, its goal is to file an Investigational New Drug (IND) application by the end of 2025.

    “iBio’s AI-powered platform is an innovative tool for discovering and engineering potential new therapies, and we’re eager to use it in our shared mission to treat cardiometabolic diseases. By focusing on the TGFβ superfamily, including myostatin, we believe we can efficiently advance therapies that address conditions like obesity and muscle wasting,” said Patrick Crutcher, CEO of AstralBio. “By leveraging iBio’s expertise and team, we have built differentiated antibodies incorporating Fc-engineering to enable half-life extended therapeutics that could be potentially best-in-class. We are thrilled with the progress made on this program and look forward to advancing it further.”

    About iBio, Inc.

    iBio is an AI-driven innovator that develops next-generation biopharmaceuticals using computational biology and 3D-modeling of subdominant and conformational epitopes, prospectively enabling the discovery of new antibody treatments for hard-to-target cancers, and other diseases. iBio’s mission is to decrease drug failures, shorten drug development timelines, and open up new frontiers against the most promising targets. For more information, visit http://www.ibioinc.com.

    FORWARD-LOOKING STATEMENTS

    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statement regarding the identification of a lead molecule with potential extended half-life and subcutaneous dosing; the identification of a molecule with therapeutic potential for treating muscle wasting and obesity; plans to advance the molecule into non-cGMP in vivo studies in rodents and non-human primates (NHP) with potential early readouts of the NHP in early 2025; myostatin inhibitors holding great promise for treating obesity and cardiometabolic diseases by increasing muscle mass and boosting metabolism; the novel molecule overcoming some challenges by offering an alternative to intravenous administration and a treatment paradigm with less frequent dosing; filing an Investigational New Drug (IND) application by the end of 2025 in the event iBio triggers the option to in-license the myostatin program; iBio’s AI-powered platform discovering and engineering potential new therapies; iBio efficiently advancing therapies that address conditions like obesity and muscle wasting; and the differentiated antibodies built that incorporate Fc-engineering being potentially best-in-class. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to develop a best-in-class lead molecule with an extended half-life and subcutaneous dosing that treats muscle wasting and obesity; the ability to advance the molecule into non-cGMP in vivo studies in rodents and non-human primates (NHP) with early readouts of the NHP in early 2025; the ability to file an IND by the end of 2025 in the event that iBio triggers the in-licensing option; and the ability of the molecule to overcome some challenges by offering an alternative to intravenous administration and a treatment paradigm with less frequent dosing; and the other factors discussed in the Company’s filings with the SEC including the Company’s Annual Report on Form 10-K for the year ended June 30, 2024. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

    Contact:

    iBio, Inc.
    Investor Relations
    ir@ibioinc.com

    Susan Thomas
    iBio, Inc.
    Media Relations
    susan.thomas@ibioinc.com

    The MIL Network –

  • MIL-OSI: Beamr to be a Bronze Sponsor at the Demuxed 2024 Conference

    Source: GlobeNewswire (MIL-OSI)

    Herzliya, Israel, Oct. 10, 2024 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization and modernization technology and solutions, today announced that it will participate in and be a bronze sponsor at the Demuxed 2024 conference held in San Francisco from October 16-17, 2024, one of the industry’s main conferences for video leaders and professionals.

    At the conference, the Beamr team will engage with key industry leaders and businesses to promote its comprehensive suite of high-performance, GPU-accelerated video pipelines. These services supercharge companies in the broadcasting and streaming industries by reducing video files and live streams up to 4K resolution at 60 frames per second (p60). Beamr also offers automated and accelerated cloud services for Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers alongside on-prem or private cloud services tailored for enterprises, ensuring compliance with regulatory needs, privacy and security.

    To meet with the Beamr video experts team at the Demuxed 2024 conference and learn how GPU-accelerated video processing impacts video businesses and engineers, please use this link.

    Optimized 4Kp60 live streams are ideal for sports broadcasting, realistic visualization in virtual environments and high-quality video productions, all of which typically require extensive and costly resources. With its patented content-adaptive technology that is accelerated by GPUs, Beamr enables high-performance video processing, while reducing the required resources by up to 50%, delivering noticeably higher-quality contribution feeds with available cloud bandwidth.

    Additionally, Beamr services enable seamless upgrades to advanced video formats, such as AV1 (AOMedia Video 1), and are AI-ready, allowing automatic caption and transcription generation for videos, with plans for more features to be released later this year.

    Participation in Demuxed will follow key meetings with video industry professionals and media businesses executives at Oracle CloudWorld 2024, held in Las Vegas, and IBC 2024, held in Amsterdam, both of which Beamr attended last month.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit http://www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network –

  • MIL-OSI: Bitget’s Protection Fund in September Sustained Above Initial $300M Commitment Amidst Market Volatility

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Oct. 10, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released the latest valuation of its Protection Fund for September 2024. The fund, an essential safeguard for the exchange and its users, has remained resilient over the past year, maintaining a valuation comfortably above the initial $300 million commitment. As of the end of September, the fund is valued at approximately $428.5 million, marking one of the highest valuations in recent months.

    Despite fluctuations within the broader financial market, the crypto sector continued to experience growing confidence, particularly with Bitcoin’s solid performance throughout the month. The Bitget Protection Fund, which is denominated in Bitcoin and stablecoins, benefited from Bitcoin’s upward trend, further strengthening its valuation. On September 7, the fund recorded its lowest valuation for the month at $350.5 million when Bitcoin prices dipped to $53,923. However, the fund quickly regained value as Bitcoin prices rebounded, closing the month with a substantial valuation of $428.6 million.

    The Bitget Protection Fund is designed to ensure a robust layer of protection for users in the event of unforeseen market disturbances or security threats. This consistent increase in the fund’s valuation shows Bitget’s commitment to maintaining a stable and secure environment for its global users, aligned with its transparent Proof-of-reserves and industry’s second largest protection fund.
    “The sustained growth in the Protection Fund’s valuation, despite market fluctuations shows Bitget’s focus on maintaining user security and trust. As we continue to see positive momentum in the crypto space, Bitget remains dedicated to offering a stable and reliable platform for our global community, ensuring our users’ interests are well-protected,” said Gracy Chen, CEO at Bitget.

    With Bitcoin showing promising signs of continued growth, the Protection Fund remains well-positioned to handle market fluctuations. As the cryptocurrency industry moves forward, Bitget remains dedicated to providing a secure trading platform with a focus on long-term user security and risk management.

    To check Protection fund and its previous snapshots, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading, AI bot and other trading solutions. Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including being the Official Crypto Partner of the World’s Top Professional Football League, LALIGA, in EASTERN, SEA and LATAM, as well as a global partner of Olympic Athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/78ebdd73-dbab-4fd3-9b64-6573f00d9613

    https://www.globenewswire.com/NewsRoom/AttachmentNg/19fe0105-2644-4dc4-adea-01f501c7a615

    The MIL Network –

  • MIL-OSI: Alliance Witan PLC – Appointment of Directors (AMENDED)

    Source: GlobeNewswire (MIL-OSI)

    Alliance Witan PLC (‘the Company’)
    Legal Entity Identifier: 213800SZZD4E2IOZ9W55

    AMENDMENT TO BIOGRAPHY OF SHAUNA BEVAN CONTAINED IN ORIGINAL ANNOUNCEMENT MADE 10 OCTOBER 2024 AT 12:00. ALL OTHER INFORMATION REMAINS UNCHANGED.

    Appointment of Directors

    Following the completion of the combination of Alliance Trust PLC and Witan Investment Trust PLC (‘Witan’), the Board of Alliance Witan PLC is pleased to announce that Andrew Ross, Rachel Beagles, Shauna Bevan and Jack Perry (all former directors of Witan) have been appointed as non-executive Directors of the Company effective today.

    Andrew Ross has been appointed as Deputy Chair of the Company and a member of the Management Engagement, and Nomination Committees of the Company.

    Rachel Beagles, Shauna Bevan and Jack Perry have all been appointed as members of the Audit and Risk, Management Engagement, and Nomination Committees of the Company.

    Andrew Ross was previously chief executive of Cazenove Capital Management which, in 2013, was acquired by Schroders, where he became global head of Wealth Management until 2019. Prior to this, Andrew was chief executive of HSBC Asset Management (Europe) Limited and managing director of James Capel Investment Management. Andrew has substantial experience in senior leadership roles as CEO and chairman of investment management and wealth management businesses. He has overseen three different multimanager businesses and under his tenure the businesses he led significantly grew and prospered. Andrew is a non-executive director of Polar Capital Holdings plc and of Cadogan Settled Estates.

    Rachel Beagles was previously a managing director and co-head of pan-European banks equity research and sales at Deutsche Bank. Since 2003 she has worked as a non-executive director in the investment company, asset management, charity and social housing sectors. She was chair of the Association of Investment Companies from 2018 to 2021. Rachel has extensive knowledge and understanding of the equity markets from her experience in research and sales and is an experienced non-executive director of investment trusts. She is currently a non-executive director of Mercantile Investment Trust plc.

    Shauna Bevan is Head of Investment Advisory at RiverPeak Wealth Limited where she is responsible for fund selection and portfolio construction. She was previously co-head of Collectives Research at Charles Stanley, having started her career in wealth management at Merrill Lynch. Shauna has over 25 years of investment experience across different asset classes and regions with particular expertise in manager research and meeting the needs of retail investors. Shauna is currently a non-executive director of CT Global Managed Portfolio Trust PLC.

    Jack Perry was previously chief executive of Scottish Enterprise and a former managing partner and Regional Industry Leader of Ernst & Young LLP. Jack has served on the boards of FTSE 250 and other public and private companies. He is currently chair of ICG-Longbow Senior Secured UK Property Debt Investments Limited and was previously chair of European Assets Trust PLC. He is a member of the Institute of Chartered Accountants of Scotland and has served as a member or chair on numerous audit and risk committees.

    There is no additional information to be disclosed pursuant to Listing Rule 6.4.8 and the Board considers all of the above noted directors to be independent on appointment in accordance with the AIC Code of Corporate Governance.
    A further announcement on directors’ shareholdings in the Company, as a result of the combination will be made shortly.

    For further information please contact:

    Juniper Partners Limited
    Company Secretary
    Telephone: 0131 378 0500

    10 October 2024

    The MIL Network –

  • MIL-OSI Security: Justice Department Secures Over $6.5M from Citadel Federal Credit Union to Address Redlining of Black and Hispanic Communities

    Source: United States Attorneys General 8

    First Redlining Settlement Agreement Against Credit Union in Justice Department History

    The Justice Department announced today that Citadel Federal Credit Union (Citadel) has agreed to pay over $6.5 million to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining predominantly Black and Hispanic neighborhoods in and around Philadelphia. This landmark agreement is the Justice Department’s first redlining settlement with a credit union, making this a historic achievement for the Combating Redlining Initiative.

    Redlining is an illegal practice in which lenders avoid providing credit services to individuals living in communities of color because of the race, color or national origin of residents in those communities.

    “This redlining settlement marks the Justice Department’s very first resolution involving a credit union, making clear our intent to hold all types of lenders accountable for their role in modern-day redlining,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division. “There are well over 4,600 credit unions across America, all subject to federal laws that prohibit redlining and lending discrimination. Redlining and other forms of lending discrimination harm communities of color and families by denying them an equal opportunity to access credit, attain the dream of homeownership and build generational wealth. This settlement will expand investment in Black and Hispanic communities, particularly in Philadelphia, and increase opportunities for homeownership and financial stability. Residents of communities harmed by unlawful redlining will finally be able to access credit services from Citadel in their own neighborhoods, including at the new branches required by the settlement.”

    “For generations, Philadelphia’s communities of color have lacked equal access to the credit needed for homeownership. We know that redlining has a devastating impact on a family’s finances and future, and results in economic and other inequalities that plague our communities for decades,” said U.S. Attorney Jacqueline C. Romero for the Eastern District of Pennsylvania. “We also know the transformational change that can occur when credit is made available to underserved residents, and particularly when lenders, like Citadel, establish branch locations in these neighborhoods.”

    The Justice Department’s complaint, which was filed today in the Eastern District of Pennsylvania, alleges that, from at least 2017 through 2021, Citadel failed to provide mortgage lending services to majority-Black and Hispanic neighborhoods in and around Philadelphia and discouraged people seeking credit in those communities from obtaining home loans. Citadel’s home mortgage lending was focused disproportionately on white areas around Greater Philadelphia. Peer lenders generated mortgage applications in predominately Black and Hispanic neighborhoods at nearly three times the rate of Citadel and originated mortgage loans in these areas at more than three times the rate of Citadel.

    The complaint further alleges that Citadel’s branches are located almost exclusively in majority-White neighborhoods, with no branches in Philadelphia, which contains more than 75% of the majority-Black and Hispanic neighborhoods and 34% of the total population in Citadel’s market area.

    Under the proposed consent order, which is subject to court approval, Citadel has agreed to invest $6.52 million to increase credit opportunities for communities of color in and around Philadelphia. Specifically, Citadel will:

    • Invest at least $6 million in a loan subsidy fund to increase access to home mortgage, home improvement and home refinance loans for residents of majority-Black and Hispanic neighborhoods in Philadelphia;
    • Spend at least $250,000 on community partnerships to provide services related to credit, consumer financial education, homeownership and foreclosure prevention for residents of predominantly Black and Hispanic neighborhoods in Citadel’s market area;
    • Spend at least $270,000 for advertising, outreach, consumer financial education and credit counseling focused on predominantly Black and Hispanic neighborhoods in Philadelphia;
    • Open three new branches in predominantly Black and Hispanic neighborhoods in Philadelphia; and
    • Hire a community lending officer who will oversee the continued development of lending in communities of color.

    Citadel also agreed to retain independent consultants to enhance its fair lending program and better meet the communities’ needs for mortgage credit. The credit union will conduct a community credit needs assessment, evaluate its fair lending compliance management systems, and conduct staff trainings.

    With assets of approximately $6 billion, Citadel is headquartered in Pennsylvania and operates 24 branches in its market area of Greater Philadelphia, which includes Bucks, Chester, Delaware, Lancaster, Montgomery and Philadelphia Counties. Citadel is the second largest credit union in the region and has over 263,000 members. Citadel cooperated with the Justice Department’s investigation.

    In October 2021, Attorney General Merrick B. Garland and Assistant Attorney General Clarke launched the Justice Department’s Combating Redlining Initiative, a coordinated enforcement effort to address this persistent form of discrimination against communities of color. Since 2021, the department has announced 14 redlining resolutions and secured over $144 million in relief for communities of color that have been the victims of lending discrimination across the country. In March, Assistant Attorney General Clarke presented remarks to America’s Credit Unions’ Governmental Affairs Conference regarding the unique issues raised by redlining in the credit union industry.

    A copy of the complaint and information about the Justice Department’s fair lending enforcement work can be found at http://www.justice.gov/fairhousing. Individuals may report lending discrimination by calling the Justice Department’s housing discrimination tip line at 1-833-591-0291 or submitting a report online.

    MIL Security OSI –

  • MIL-OSI Security: Ahtahkakoop — Ahtahkakoop RCMP: male arrested after firearm discharge

    Source: Royal Canadian Mounted Police

    On October 8, 2024 at approximately 8:55 p.m., Ahtahkakoop RCMP received a report of a shooting on Ahtahkakoop Cree Nation.

    Officers responded immediately and located an injured adult male, who had gunshot injuries, at the residence. The adult male was taken to hospital by EMS with injuries described as non-life threatening.

    Investigation determined an altercation occurred between two adult males. A firearm was discharged and the victim was injured.

    As a result of continued investigation, on October 9, officers located and arrested an adult male at a residence on Ahtahkakoop Cree Nation.

    19-year-old Christopher Ballantyne from Ahtahkakoop Cree Nation is charged with:

    • one count, discharge firearm with intent, Section 244, Criminal Code;
    • one count, assault with a weapon, Section 267(a), Criminal Code;
    • one count, unauthorized possession of a firearm, Section 91(1), Criminal Code;
    • one count, possession of a firearm when knowing possession authorized, Section 92(1), Criminal Code;
    • one count, possession of restricted firearm with ammo without license/registration, Section 95(1), Criminal Code; and
    • one count, unauthorized possession of a prohibited weapon or restricted weapon, Section 91(2), Criminal Code.

    Christopher Ballantyne is scheduled to appear in Prince Albert Provincial Court on October 10, 2024.

    Saskatchewan RCMP’s Warrant Enforcement Suppression Team (WEST) assisted in this investigation.

    MIL Security OSI –

  • MIL-OSI USA: Congressman García’s Statement in Support of a Police Station at the Midway Armory

    Source: United States House of Representatives – Representative Jesús Chuy García (IL-04)

    CHICAGO — Congressman Jesús “Chuy” García (IL-04) issued the following statement in support of opening a new police station at the Midway Armory.  The armory, located at 63rd and Long, has been closed and unused for seven years, and Gov. JB Pritzker signed legislation to transfer the armory for $1 from the state to the city for a new police district station. Currently, this area is part of the Chicago Lawn (8th) Police District, which covers a vast area with the largest population in the city, but has the fewest officers per capita.

    “I have lived on Chicago’s Southwest Side for more than 50 years, and I recognize the need to strengthen our public safety capacity and infrastructure. I have heard from my neighbors, constituents, business owners, and local elected officials in the area who call for the expansion of more public safety services including a potential police station to serve the greater regional need. 

    “As the population in our area has grown, the 8th District Police station needs additional support to improve safety and response times. We have a quarter of a million residents in a 23 square mile area, 84 schools, and many people passing through the district. In addition, the surrounding area of Midway Airport is also served by the Chicago Lawn 8th District Police. In March of this year, neighbors in the area overwhelmingly voted in support of the proposal for a new police district in a referendum. They have made their voices heard. They deserve to know that when they call 911 asking for help, the police will arrive promptly. 

    “I also understand that as plans are made for land use, it is imperative that site plans comply with federal aviation standards and regulations. As the Illinois’ Democratic House Member on the Transportation & Infrastructure Committee, I value the insight of the expert agencies as we move forward and commit to work with all parties to reach the best solution. We have been in communication with the Federal Aviation Administration and understand the land use is permissible with continued collaboration and guidance.

    “I urge Mayor Johnson and respective parties convene to arrive at an agreement that respects the will of the people and places the concerns and safety of our residents first while complying with federal, state, and local regulations.”

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    MIL OSI USA News –

  • MIL-OSI USA: Golden introduces bill to designate Bradley museum as National Museum of Forestry and Logging History

    Source: United States House of Representatives – Congressman Jared Golden (ME-02)

    WASHINGTON — Congressman Jared Golden (ME-02) today introduced legislation that would designate the Maine Forest and Logging Museum (MFLM), located in Bradley, as the National Museum of Forestry and Logging History.

    “The forest economy has played an important part in the American story, and Mainers are one of the biggest reasons why,” Golden said. “This national designation would pay tribute to those vital contributions while reaffirming Maine’s continued role as stewards and innovators of the industry.”

    “The Maine Forest and Logging Museum, a special place in the woods known by many as “Leonard’s Mills,” embodies the Great North Wood’s heart and soul by showcasing the natural beauty of our state’s Northern Forest. And by providing invaluable outreach and educational opportunities, we are proudly planting the seeds to grow careers in forestry stewardship and ensure our sustainable forests benefit both material needs and environmental responsibilities,” Mike Wetherbee, president of the Maine Forest and Logging Museum’s board of directors said. “We are so very grateful to Congressman Golden for helping us work to earn this prestigious status and look forward to many more years of sharing Maine’s amazing forestry and logging heritage with the world.

    MFLM was incorporated in 1960 to celebrate Maine’s forest heritage. Originally envisioned to preserve forest industry artifacts and documents, plans evolved into the creation of a living history site complete with working machinery and a community of volunteer reenactors. Today, MFLM owns more than 450 acres around Blackman Stream in Bradley and frequently hosts school groups, visitors and interactive public programs.  

    Maine’s forest economy employs more than 14,000 Mainers and generates more than $5 billion in sales. Maine’s 17.7 million acres of forest covers 89% of the state — the highest percentage in the country.

    Industry and community leaders praised the move:

     “The Maine Forest and Logging Museum is so important to Maine’s rich history of forestry and logging,” Shawn Bugbee, Roads and Infrastructure Manager for Seven Islands Land Company said. “Through the preservation and restoration of tools combined with the knowledge the volunteers bring to the Museum, those who visit get an authentic understanding of how forestry and logging was done by our ancestors. One of the most awe-inspiring things I have ever witnessed has been watching the steam powered Lombard Log Hauler operate in person — and this move will help more people get that same experience.”

    “The Maine Forest and Logging Museum is a testament to the resourcefulness and ingenuity of people involved in Maine’s rich timber industry,” Keith Kanoti, forest manager for the University of Maine said. “The combination ofworking equipment, infrastructure and the natural beauty of the museum grounds site is unsurpassed and truly deserving of national status.”

    “There’s a strong connection between the forest products industry and our modern society, and the Maine Forest and Logging Museum helps us all celebrate it,” Joe Phaneuf, executive director and publisher of the Northeastern Loggers Association said. “The story of the forest products is one worth telling, and this national designation will strengthen that mission.”

    “This museum doesn’t just honor Maine’s past: It stands as a national treasure,” Breanna Wing, director and producer of Axe Women: The Modern Lumberjill said. “At a time when our landscapes are rapidly developing, the Museum is a haven that keeps important history alive —  teaching future generations about the resilience of our ancestors, whose grit and innovation through harsh winters built for the growth we see today. This national designation will amplify the importance of understanding and protecting the natural world, for both our material and spiritual well-being.”

    “Leonard’s Mills has long been a special place in Maine for people to visit and learn about the history and heritage of forestry,” Rick Robertson, president and CEO of Dennis Food Service said. “I have taken my kids there when they were younger in year’s past as an opportunity to learn about the mill. It was a great way to learn about the beginnings of thisimportant industry as well as the ingenuity of our past. A visitor of any age will certainly be able to learn something from this treasure in the state of Maine, and elevating it as the National Museum of Forestry and Logging History will help so many people do just that.”

    Full text of Golden’s legislation can be found here.

     

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    MIL OSI USA News –

  • MIL-OSI Europe: UN – World Day Against the Death Penalty (10 Oct. 2024)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    On this 22nd World Day Against the Death Penalty, France reiterates its opposition to this cruel, unjust and inhumane punishment everywhere and in all circumstances.

    The abolition of the death penalty is steadily making headway around the world. But 51 nations continue to apply it.

    At the last UN General Assembly, France and its partner countries presented their biennial resolution calling for a moratorium on executions with the ultimate aim of abolishing the death penalty.

    On December 10, 2023, the 75th anniversary of the Universal Declaration of Human Rights, President Macron announced that France would host the 9th World Congress Against the Death Penalty in 2026.

    France calls on all nations to sign and ratify the Second Optional Protocol to the International Covenant on Civil and Political Rights, aimed at abolishing the death penalty.

    On this symbolic day, France honors the memory of Robert Badinter, who passed away on February 9.

    MIL OSI Europe News –